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President-elect Obama announces Economic Recovery Advisory Board in Chicago

President-elect Barack Obama (L) stands with University of Chicago economist Austan Goolsbee as he announces the creation of the president's Economic Recovery Advisory Board during a news conference on November 26, 2008 in Chicago. Former Federal Reserve Chairman Paul Volcker, who preceded Alan Greenspan as Fed chair from August 1979 to 1987, will head up Obama's new advisory board and Goolsbee will serve as the board's staff director and chief economist. (UPI Photo/Brian Kersey)

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